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Sensex rises to 3778.44 points

Led by fast movable consumer good stocks, pivotals gained further at the Bombay Stock Exchange, keeping alive the post-budget bullish sentiments on the country's premier bourse, despite the last day of weekly trading cycle on the National Stock Exchange today.

Today FMCG stocks like Reckitt and Coleman, Procter & Gamble and Hindustan Lever rose sharply on buying support from foreign institutional investors, dealers said, adding that added that select stocks like Satyam Computers, State Bank of India, BHEL, ITC and MTNL also registered handsome gains on FII buying.

Reflecting the uptrend, the 30-scrip BSE Sensex opened firm at 3758.48 points, touched the day's high of 3796.84, touched the day's low of 3744.24 points before closing at 3778.44 points, showing a net gain of 46.34 points as against the previous close of 3732.10 points.

The broad-based BSE-100 index moved up by 12.44 points to 1636.14 points as against the previous close of 1623.70 points.

"We were looking for correction today after a long-time rally. The market normally reacts on the BSE at the time of settlement on the NSE. However, it may show a correction tomorrow," an analyst at a leading brokerage house said.

The Sensex has gained over 544 points in post-budget trading till today.

UNI

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